Toronto Residential Realtors. Service Beyond The Status Quo
As summer comes to a close, September welcomes in the new school year which also means more traffic. Seems like us Torontonians are constantly battling traffic only to wrangle for parking once we reach our destinations. When purchasing a home, whether to include parking in the search is a trade off my clients often face. …
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Everyone seems to agree that the Toronto housing market is expensive and getting more so each year. This month I will delve into recent history to find out if prices for different types of homes are at all time highs. Toronto’s June real estate market continues a 3-month trend where the number of solds increased…
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This month, I will finish the maintenance fee analysis we started in April by taking a closer look at a condo’s reserve fund. The hope is that we can uncover the condo unicorn which features low monthly maintenance fees per square foot; low operating costs per unit; a history of low operating cost increases and…
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Last month, I reviewed 30 Toronto condos to adjust the maintenance fee per square foot/month in order to make an apples-to-apples comparison. The average came to be $0.64 per sf/mth. This month, we’ll take a closer look of the operating costs and complete the maintenance fee trilogy next month with a closer look at the reserve…
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Condos sales now make up more than half of Toronto’s resale transactions. I believe that there would be even more condos sold if not for monthly maintenance fees which are a detraction for owners of freehold properties who would otherwise happily downsize. One metric buyers use when comparing condos is the monthly maintenance fee per square…
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“Thank you March weather. I can’t wait to wake up every day and play the age-old game: pleasant Spring Day or full blown Arctic apocalypse.” Jimmy Fallon, The Tonight Show As I write this, the mercury measures 2C and I’m looking forward to Spring in just 9 days. Since January, two comprehensive reports were issued…
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As I write this newsletter, Toronto is experiencing epic snow and freezing rain. After all the shoveling, I feel like Han Solo’s tauntaun in the opening scene of Empire Strikes Back. I say this every year but I’m really tempted to purchase a snow blower. https://www.youtube.com/watch?v=CXmp1hLK0tY Speaking of cold weather, your heating systems are likely running at…
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